Tufts Medicine

Legal name: Tufts Medical Center Group Return

Nonprofit profile at a glance

EIN
270440772
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Boston, MA, US
Phone
617.636.5000
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,478,733,790
Expenses
$1,416,825,897
Assets
$893,916,528
Liabilities
$1,018,030,140

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

36 people listed

Executive titles in this filing

  • JOHN HERMAN (PRESIDENT (AS OF 9/25))
  • LAUREN MAZERALL (PRESIDENT)
  • PHIL OKALA (PRESIDENT/TRUSTEE (UNTIL 9/25))

Highest reported compensation

  • MICHAEL DANDORPH (TRUSTEE): $2,678,414 total reported compensation
  • PHIL OKALA (PRESIDENT/TRUSTEE (UNTIL 9/25)): $1,816,696 total reported compensation
  • MICHAEL TARNOFF MD (FORMER TRUSTEE): $1,745,976 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To deliver outstanding, evidence-based care by combining cutting-edge research and academic knowledge.

What it reported doing in 2024

Tufts medical center, inc. Located in boston, ma operates a 415 bed acute-care general hospital established to provide healthcare services primarily in the greater boston area, which also attracts patients from elsewhere in new england and beyond.new england long-term care, inc. Operates an 80 bed nursing home specializing in the care of children who are severely mentally handicapped and/or physically handicapped.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 65
  • Accountability: 71
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.6%; rating input score 76
  • Program expense ratio: 79.2%; rating input score 79
  • Fundraising efficiency: $24.32 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.2%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 1.14; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0.6%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 5.5% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 29th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 4 operating locations identified
  • Where the money goes: 75.6% of revenue deployed · 79.2% of spending went to programs
  • Governance: 9 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.1B in reported program spending
  • Leadership: top reported pay $2.7M · 36 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $137.5M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 56 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Independent voting board scored 50/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.